Banking, Finance & Insurance

Hi,
Banking is one of the top most career choices made by students in India. Banks are in-charge of individuals or organization's money. Banks reimburse interest on the deposited money, offer loans to people for personal or business use.
The all round demand for bank professionals has made public sector, foreign and multinational banks recruit more and more MBA graduates, CAs and CFAs to enhance their efficiency. Presently, banks are involved in consumer loans, mutual funds, consumer loans, securitization business, credit cards, housing loans and forex activities.
Finance is a process through which advice is provided to a company or a person for investing their money and getting high returns. They act as financial planner or stock brokers. Finance management is the backbone of any company whether it is a corporate, a big business houses, or a financial institution. Financial management provides a number of career options ranging from financial planning to sales.
A candidate who specializes in taxation, accounting and auditing is known as a chartered accountant. Chartered accounting is a dynamic, challenging and rewarding profession.
There are lots of career opportunities in this field. Graduate from this field are mainly employed in banks. Private sector and foreign banks prefer to hire MBAs, CAs and CFAs.
Many international banks hire skilled professionals for various profiles on competitive salaries. Public sector banks hire mostly graduates for clerical and probationary officer posts on the basis of All India Level examination.
Some job titles: -
Stockbroker
Analyst
Statistician
Relationship Manager
Credit Control Manager
Tellers & Branch Staff
Customer Care Executive
Corporate Banking Executive
Remuneration: -
Banking and Finance is a highly lucrative field. In public sector banks clerks can take home between Rs. 10000 – 12000 whereas officers can get around Rs. 12000 – 18000 every month. Skilled professionals such as CFAs, MBAs and CAs hired by public sector banks can earn handsome income.
Graduate trainees working in the field of investment banking sector can earn around Rs 30,000 to Rs 40,000 every month. Professionals working in a private and foreign banks can earn around Rs 50,000-60,000 per month.
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Hi,
Banking is a career that offers opportunities to students from all streams, be it humanities, commerce or science. However, to make a career in banking, you must be good at analyzing numbers, that is, your mathematics must be strong enough to interpret and analyse numerical data. You must be prepared for the Banking Entrance Exams and for the interviews that follow these entrance examinations.
You can sit for Bank PO exams or go ahead with higher education-
MBA Banking & Finance
PG Diploma in Banking & Operations
PG Diploma in Financial Planning and Wealth Management
The essential skills-
Skills required
Team leadership qualities
Integrity, confidentiality and honesty in all dealings with money, customers & staff
Foreign exchange transactions need an analytical, quick and mature mind
Good communications skills in speech & writing
Numerical aptitude
Well-organised mind and well-rounded personality
Employment Opportunities-
Public sector Banks
Private sector banks
Multinational Banks
All financial institutions
Also refer-
https://www.shiksha.com/getArticleDetail/2036/Banking-For-A-Career
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Hi,
The duration of full time MBA or PGDM program is two years, MBA degree is considered as an attractive career option as after pursuing this degree, the demand of a student in the industry goes up.
It is a degree that makes you ready for a managerial role in any chosen field, whether it is banking, medicine, travel, entertainment, export, or any other field.
If you are looking for a change in career then an MBA degree affords the following career opportunities in the field of:
- Marketing.
- Finance.
- Banking.
- Government Jobs.
- Personal Business, etc.
The final selection in full time MBA or PGDM program is made on the basis of:
1. Education background of the students. i.e. 50% marks in graduation.
2. Score in various management entrance tests like CAT, MAT, XAT, etc
3. Performance in group discussions and personal interview.
4. Work experience if any.
5. Other activities like participating in various event like debates, quiz, extra curricular activities, etc.
Top B-schools in India link: https://www.shiksha.com/top-mba-colleges-in-india-rankingpage-2-2-0-0-0
Besides executive and full time MBA you may even consider pursuing distance MBA program.
The distance MBA is best suited for working professional by this they may easily maintain balance between their job and studies.
The USP of distance education MBA lies in the fact that it provides job-oriented knowledge that can be immediately practised as one works alongside.
Distance MBA allows students to enjoy the comfort of learning from their home, at a time which is most convenient for you and does not interfere with their busy work schedule.
Another advantage is being able to attain a well recognized degree which is well accepted by industry and government organization.
Some of the universities you may consider to pursue distance MBA are:
- Indira Gandhi National Open University.
- Symbiosis Centre for Distance Learning.
- University of Petroleum & Energy Studies Centre for Continuing Education.
- Institute of Management Technology Centre for Distance Learning.
In order to pursue distance MBA program you need to be graduate in any field.
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All the Best.